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Economics WAEC Past Questions

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96
Which of the following is not a member of OPEC?
  • A. Indonesia
  • B. Iran
  • C. Venezuela
  • D. United Arab Emirates
  • E. Egypt
View Answer & Discuss WAEC 1990
97
which of the following statements is not true of capital income?
  • A. it helps in the assessment of standard of living
  • B. it is calculated as National Income Population
  • C. It is calculated as Population National Income
  • D. It is used by the UNO to assess and assist developing countries
  • E. It is used as one of the indicators of economic growth
View Answer & Discuss WAEC 1990
98
The notion of short-run and long-run periods is responding for grouping cost into
  • A. fixed and variable
  • B. implicit and explicit
  • C. average and total
  • D. capital and running
  • E. money and opportunity
View Answer & Discuss WAEC 1990
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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99
Which of the following statements is not true of cheques? They
  • A. provide an alternative to carrying large sums of money around
  • B. can be written out for any amount needed
  • C. are legal tender
  • D. provides a form of receipt
  • E. provide a record of payment made
View Answer & Discuss WAEC 1990
100
Which of the following are not agents of distribution
  • A. Wholesalers
  • B. Retailers
  • C. Consumers
  • D. Government agencies
  • E. Cooperative societies
View Answer & Discuss WAEC 1990
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